Thread: The Obamanation
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Old 03-27-2009, 10:22 AM   #235
Redux
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Quote:
Originally Posted by TheMercenary View Post

According to this economics professor at Princeton, simply a 5% increase in the form of a consumption tax would raise $500billion a year.

http://economix.blogs.nytimes.com/20...odays-economy/

More than enough to deal with many of our problems in a few short years.
$500 billion would barely cover the annual interest on the US national debt.
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